19,931 Shares in Ralph Lauren Co. (NYSE:RL) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new stake in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,931 shares of the textile maker’s stock, valued at approximately $2,874,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Platinum Investment Management Ltd. grew its stake in shares of Ralph Lauren by 13.1% in the third quarter. Platinum Investment Management Ltd. now owns 854 shares of the textile maker’s stock valued at $99,000 after buying an additional 99 shares in the last quarter. Spire Wealth Management lifted its stake in Ralph Lauren by 47.9% in the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 102 shares during the last quarter. CWM LLC grew its position in shares of Ralph Lauren by 25.2% in the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 116 shares during the period. Financial Gravity Asset Management Inc. increased its stake in shares of Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after purchasing an additional 122 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Ralph Lauren by 5.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,034 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 166 shares during the period. 67.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RL shares. Wells Fargo & Company boosted their price target on Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, March 4th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. UBS Group raised their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a report on Monday, February 5th. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $195.00 target price (up previously from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $155.64.

Ralph Lauren Trading Up 2.2 %

Shares of RL stock opened at $161.97 on Tuesday. The stock has a market cap of $10.35 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.53. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $177.85 and a 200 day simple moving average of $148.09.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.64. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. Ralph Lauren’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 EPS. On average, research analysts predict that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 34.01%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.